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Handicraft Industry Operations Management Essay

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Below is an essay on "Handicraft Industry Operations Management" from Anti Essays, your source for research papers, essays, and term paper examples.

|   OPERATIONS MANAGEMENT |
| TERM PAPER TYAGI HANDICRAFTS
SUBMITTED BY:

|TYAGI HANDICRAFTS

COMAPANY PROFILE
(Stone Is Crafted By Nature, We Add Beauty To It )
A Leading Manufacturer of Handcrafted Gifts, Decorative and Utility Items made of various Natural Stones and Marbles.
Tyagi Handicrafts started its journey in 1970, with the zeal to excel in the global market place. It is a part of business group engaged in exports. Tyagi handicrafts present an exquisite range of soap stone and marble handicrafts. There business structure is completely based on exports and thus they don’t have any retail outlet anywhere.

Operational Challenges at TYAGI HANDICRAFTS
The following are the key areas that may pose a threat to those handicraft companies that ignore the impacts of giving less importance to manage their demand and supply: -
  * Forecasting and Inventory Management for raw materials of products, especially when they have Fluctuating demand varying with different orders.
  * Excessive bulk Demand Handling.
  * Order Management in case of suppliers and buyers at multiple locations.
  * Warehouse Management in case of distant buyers.
  * Introducing new products.
  * Handling variety of items.
  * Maintaining same quality, and minimum variance in all handmade items.

SUPPLY CHAIN MANAGEMENT
                                                       
SUPPLIER           MANUFACTURER       TRANSPORTATION         BUYERS                 CONSUMER
| | | |

OPERATIONAL MANAGEMENT at TYAGI HANDICRAFTS

Fig1:Hierarchial representation of the operations department.
TRANSFORMATION PROCESS


INPUTS:-
  * EXTERNAL-  
  * SOCIAL BACKGROUND- Tyagi Handicrafts began its Journey with a View to Propagate IndianArt & Culture. Today, it is the Leading Organization in the Domain of theManufacture & All Types of Marble Goods.
  * SUBSIDIES- In Handicraft business, there are no subsidies provided by the government, although from...

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Handicraft Industry Operations Management. Anti Essays. Retrieved April 21, 2019, from the World Wide Web: https://www.antiessays.com/free-essays/Handicraft-Industry-Operations-Management-115709.html